Trade

Dealing in gold

Q: I have one question regarding earnings. Is it halaal or haram. There is one company doing gold trading. If I open an account I will pay them some amount and they will open a gold account for me. Gold rates are linked with the real gold rates which are current internationally. When I buy gold from my money, I buy a lot of gold and then this gold is not physical in real. The gold purchased is from the money and if I want to sell that gold, I can get my money back (not the gold) to my account. It could be profit or loss.

Collectors item R2 coin

Q: I have a R2 union buildings coin. They say that it was minted to celebrate the 100th anniversary of the union buildings. After much research to verify this, I came to the conclusion that it is worth R2000. Can I sell it for R2000?

Buying kitaabs online

Q:

A) I sent to emails to an islamicbooks website email saying

i) "Id like to order the following books to ** ******** Street ******** *** *** (Postcode). How much will it be with postage?"

ii) "I would like to order the following (these were names of kitabs) 1 ***** ***** 2 ***** ***** 3 **** ******* to this address ** ****************, *****, *******, *** ***, Can you send me the price of each one with total items postage? Jazakallahu khairaa"

B) Unfortunately without telling the price the books were shipped to my house.

C) After receiving the kitabs I have written some stuff in one kitaab.

D) Then (after writing) the price of the kitaabs and postage was told and the money was payed. I am happy with the books and price. Is it wajib for this bay to be cancelled?

Honouring one's promise

Q: Please advise if this was a valid transaction and if the buyer did anything wrong? A product was on sale, the buyer contacted the seller, a special price was made, there were only 2 products left but they had agreed a price and that the buyer will take it. Delivery address etc was confirmed and that the buyer would do the EFT tomorrow. The seller then emailed last minute to say that the units are sold and he is sorry. 1) Is it permissible for him to do this? The buyer then emailed the head office of the company in the USA with a complaint against the local dealer. The head office must have jacked up the seller, because now he contacted the buyer to go ahead with the sale 2) Was this permissible for the buyer to do, or was this forcing the seller into a sale unwillingly?

Selling items which are not declared

Q: I buy burqas from south africa to sell it back in my country. Not in a shop but personally. Now the law at the airport in my country is that if we bring any types of items for sale we should declare it and pay a tax on it (if they allow us to take it back from them). If i do not declare as such and sell them will the income that i will receive halaal?

Incomplete sale

Q: Mohammed and Abdul Kader own a business property on a 50/50 basis. Mohammed offers to sell 50% of his portion of the property to Abdul Kader for R1 250 000.00 which was to be paid cash. Abdul Kader accepts the offer but doesn't pay a cent. Is the sale complete? If Abdul Kader didn't pay, is Mohammed entitled to the rentals? Can Abdul Kader say that he is paying terms when the term period was not fixed or arranged with Mohammed?